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People walk past a Central World in Bangkok, Thailand on Sep. 8. (Photo by Shinya Sawai)
Asian Family Conglomerates

For Thailand's retail giant Central Group, it is no longer all in the family

Management shifts focus to outside executives and e-commerce

YUKAKO ONO, Nikkei staff writer | China

BANGKOK -- When Vietnamese Prime Minister Nguyen Xuan Phuc visited Thailand in August, a red carpet was rolled out for him at Central Group's Central Ladprao, a shopping complex in downtown Bangkok.

The premier had been invited to attend the opening ceremony of a Vietnamese trade fair. He was greeted by members of Central Group's founding Chirathivat family, including Chief Executive Tos Chirathivat, who reminded his guest that he wanted to invest more in Vietnam, the group's biggest market outside Thailand.

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